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The Enforcement Directorate (ED) has conducted search and seizure operations at three premises of Byju Raveendran and his company Think & Learn Private Limited
The company has remitted "some of its funding" abroad, as it faced search and seizure operations by the Enforcement Directorate (ED).
Byju Raveendran, Founder and CEO of education technology major BYJU’s, has written a letter to his employees, in the wake of raid by
ED said that the investigation against the platform was initiated on the basis of various complaints received from various private persons. During the investigation conducted by the ED, several summonses were issued to Raveendaran, however, he always remained evasive and never appeared during the investigation
Enforcement Directorate said it conducted searches in the case pertaining to Raveendran Byju's and his company Think & Learn Private's alleged FEMA violations, Business News, Times Now